[Flow] - Flow Speed

Bounty Question: One of Flow's main features is its speed compared to other blockchains. Blockchain performance can be measured as Transactions per minute. Measure the transactions per minute of Flow since May 9th and 'Successful transactions per minute' and create a chart showing how that metric has fluctuated during that time period. What types of events have raised or decreased the blockchain's performance over that time period? Are there bursts of transaction volume or interest on the chain? Compare Flow's speed to at least two other blockchains.

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Introduction

‍Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment. (Source)

Methodology

First, the total number of daily transactions was divided into minutes per day (1440 minutes) to obtain the number of transactions per minute. This parameter was then compared in three Flow, Solana and Algorand. Finally, the type of important events in the Flow network was examined in terms of the number of transactions per minute.

Results

During this 30-day period, many fluctuations can be observed, so that there is almost a weekly pattern of ups and downs in this chart, which of course is not exactly the same ups and downs, but the appearance of the chart tells us that we can count the number of transactions. Defined an approximate pattern per minute: After each sharp increase, a sharp decrease occurs.

The successful transaction per minute from May 25 to May 30 has reached its lowest level in a recent month (according to the current chart, but we may have seen a lower success rate in earlier dates.) But immediately with An excellent recovery, the success rate of transactions in one day has again reached above 90%.

The overall appearance of the charts is almost plain similar. Trends can be considered similar with a little leeway.
In terms of the number of transactions per minute, the Solana network has the first rank with a huge difference, the second rank belongs to the Algorand blockchain and the third rank belongs to the Flow blockchain.

Among these events, deposit and withdrawal and fee deduction account for almost three quarters of the total share of the top 10 events.
- Equality of percentage in the first three events indicates that each transaction has used an equal number of these events.

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[Flow] - Flow Speed

Introduction

Methodology

Results